DSME Bags $370 mln Order for 2 LNG Carriers

The world's second-largest shipbuilder by orders Daewoo Shipbuilding & Marine Engineering Co (DSME) has clinched a US$370 million deal to build two LNG carriers.

A report in Yonhap said that  under the deal with an unidentified customer, the South Korean shipbuilder is set to deliver the 174,000-cubic-meter ships by the first half of 2021.

The Korean shipyard has an option to build four more vessels as well, it said. The company informed that the deal on the options would be finalized in 2019.

DSME has won deals valued at a combined $5.64 billion to build a total of 41 ships, including 16 very large oil tankers so far this year.

According to Yonhap, with the latest deal, Daewoo Shipbuilding has met some 77 percent of its annual order target of $7.3 billion.